T1032 – Joint Election to Split Pension Income

Taxprep generates a diagnostic when it detects that the taxpayer and the spouse could benefit from pension income splitting.

The presence of the diagnostic does not guarantee that pension income splitting is appropriate for the taxpayer and the spouse. Instead, it indicates that the preparer should analyze the couple’s family and financial situation and consider proceeding with income splitting.

See Also

Federal Income Tax and Benefit Guide – Lines 11500, 12900 and 43700